Work out monthly repayments, total interest and a 12-month amortisation schedule for SEFA, bank or asset finance.
| Month | Interest | Principal | Balance |
|---|---|---|---|
| 1 | R 2 447,92 | R 3 081,66 | R 246 918,34 |
| 2 | R 2 417,74 | R 3 111,84 | R 243 806,50 |
| 3 | R 2 387,27 | R 3 142,31 | R 240 664,19 |
| 4 | R 2 356,50 | R 3 173,08 | R 237 491,11 |
| 5 | R 2 325,43 | R 3 204,15 | R 234 286,97 |
| 6 | R 2 294,06 | R 3 235,52 | R 231 051,45 |
| 7 | R 2 262,38 | R 3 267,20 | R 227 784,25 |
| 8 | R 2 230,39 | R 3 299,19 | R 224 485,05 |
| 9 | R 2 198,08 | R 3 331,50 | R 221 153,55 |
| 10 | R 2 165,46 | R 3 364,12 | R 217 789,44 |
| 11 | R 2 132,52 | R 3 397,06 | R 214 392,38 |
| 12 | R 2 099,26 | R 3 430,32 | R 210 962,06 |